Raja Park, New Delhi Overview

Location

Raja Park lies in the vibrant Shakurpur area, North West Delhi, India. This part of the city blends bustling urban life with access to various amenities and services.

Property Types

• Standalone Units: Options are available in setups like 2 BHK and 3 BHK, favored for both purchase and rental.
• Flats and Apartments: Different residential projects offer flats and apartments in varying BHK designs, meeting a mix of renter and buyer demands.

Price Trends

• Buying:
  • Prices fluctuate greatly depending on type and size. A 3 BHK freehold unit might go for around Rs 3.15 Cr whereas a 2 BHK flat can land you lower at about Rs 65 Lacs[5|.
  • More sizeable plots, like those spanning between 1200 sq.ft to 1728 sq.ft, typically range from Rs 1.5 Cr to Rs 1.6 Cr.
• Renting:
  • Rental rates are generally affordable. A 2 BHK flat can cost anywhere from ₹16,000 to ₹32,000 per month, varying by location and builder.

Amenities and Infrastructure

• Nearby Conveniences: Raja Park is right near fundamental services like schools, hospitals, malls, and transit options.
• Landmarks: The area's charm is also boosted by local attractions like the Hanuman Mandir.

Market Dynamics

• Demand and Supply: The region sees constant demand for both buying and renting homes due to its ease of access and facilities.
• Recent Advances: The real estate market has seen some shifts. The Delhi Development Authority (DDA) permits private companies to purchase flats in bulk, possibly altering market prices and availability.

PropertyWala's Take

Raja Park in Shakurpur, New Delhi, stands out as a decent choice for property buying or leasing. This place balances affordability and convenience, with diverse property types fitting numerous budgets and preferences. Though prices can change, market trends indicate a favorable period to invest or settle down. Nevertheless, it is wise to investigate thoroughly and liaise with real estate advisors to secure top deals.